Ulta expects to earn 96 cents to 98 cents per share for the quarter on revenue of $742 million to $754 million. Analysts polled by FactSet are expecting the company to earn 98 cents per share on revenue of $752.4 million. It forecast an increase in revenue from established stores of 5 percent to 7 percent.
The company, based in Bolingbrook, Ill., operates Ulta 550 stores across the country.
Its shares fell $5.10 to $96.88 by midday but remain at the upper-end of its 52-week trading range of $68.52 to $103.52.